By: Fadi Steitie
Trend Expected Direction: Down within a falling channel.
Method: Elliott Waves and Fibonacci.
Description: Going into a flat correction within falling channel, I can tell wave (B) just reached a critical level which is at 1.31342 and that technically reached wave 4 of 3 of previous motive wave (A). I bounce is expected to unfold wave (C) with a good news from European economy. I would suggest followers to buy a minimum lots probably 10 only and to leave the limit open for further notice.
Recommendation: Buy pair with minimum lots (10 Lots)
Target Area: Open
Stop Loss: 1.30500